CGV Ventures 1 Ltd.has exchanged an unconditional share purchase agreement to acquire 10% stake in Cambridge Sleep Sciences Ltd from Roadside Real Estate plc (AIM:ROAD) for £6 million on March 20, 2024. Roadside sell 952 shares in its subsidiary, Cambridge Sleep Sciences, for £6,302.53 per share to CGV Ventures. The total consideration of £6 million implies a significant upside to the Company's retained shareholding in CSS.

The consideration would be wholly paid in cash by not later than 25 April 2024, at which point the Transaction will complete and the shares will be transferred to CGV. Upon completion of the Transaction, Roadside's shareholding in CSS would reduce from 75.0% to 65.0%. Jonathan Wilkes-Green, Mark Young of Stifel Nicolaus Europe Limited, Carl Holmes, Simon Hicks, Fergus Sullivan and Tim Redfern of Cavendish Capital Markets Limited acted as financial advisor to Roadside Real Estate plc